Franchise Deep Dive: CarePatrol's Franchise Costs, Fees, Profit and Data

Company overview

Established in 1993, CarePatrol is a senior-care placement franchise in the United States. Its primary objective is to assist seniors and their families in finding suitable assisted living or independent living homes.

Boasting over 150 franchises spread across the country, it ranks among the biggest senior placement organizations in the nation. It is owned by parent company Best Life Brands.

Since its founding, CarePatrol has grown to over 150 locations across the United States. The brand still has significant demand and room for prime locations throughout the country and offers growth potential with available territories in choice locations.

CarePatrol franchise owners take a hands-on approach to assist their clients in making informed decisions about the placement of their loved ones. They accompany the families on tours of assisted living facilities, furnish families with comprehensive research and performance reviews of care options and offer comfort, support and expertise throughout the entire process.

CarePatrol franchise ownership requires nothing more than a desire to serve others and contribute to the community. The franchise's intensive training program equips owners with the necessary skills to expand their businesses over the long term and make a lasting impact on the communities they serve. In fact, the training program offered by CarePatrol is one of the most extensive in the industry.

Through an 8-12 week program and two personal visits by a Regional Performance Coach, franchise owners become subject-matter experts on providing assistance during times of deep emotional upheaval and stress in their community.

When a client needs the services of CarePatrol, local franchisees will have:

• In-depth knowledge of the assisted-living facilities in the local area

• Insight into assisted-living facilities’ track records, level of care, performance reviews and more

• Ability to help families make informed decisions about where they are placing their loved ones

• Availability to tour assisted-living facilities with the families to ensure that the families gain confidence in the level of care their loved ones will receive

• Availability to follow up with the families and the seniors in care to ensure that the facility is meeting their needs

Financial performance

CarePatrol says that financial success heavily depends on how closely franchisees follow their business model. The most recently available information shows that top-performing franchisees earned more than $703,000 in yearly revenue, while the 10 top-performing franchisees earned more than $428,000 in revenue.

The total initial investment to open a new CarePatrol franchise ranges from $51,120 to $110,970. Here is a breakdown of the costs:

• Initial Franchise Fee: $20,000–$57,000

• Onboarding Fee: $7,500

• Travel Expense for Training: $2,500–$5,000

• Office Equipment: $1,100–$2,100

• Computer Systems: $2,500–$3,500

• Signs: $0–$500

• Certified Senior Advisor Certification: $1,495–$1,795

• Professional Fee & Business Licenses: $1,500–$2,500

• Vehicle (deposit & 3 lease payments): $0–$5,000

• Insurance (3-6 months): $625–$1,750

• Additional funds (3-months): $5,500–$10,000

• TOTAL: $51,120–$110,970

The franchise fee for CarePatrol ranges from $20,000–$57,000.

*Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.